Rittenhouse Research
@RHouseResearch
Rittenhouse Research is independent research firm focused on L/S investments in software, digital infra, fintech, and blockchain. [email protected]
Rittenhouse Research is long Galaxy Digital $GLXY $BRPHF We believe Galaxy's flagship data center Helios will generate $1.7B of EBITDA and $32B of equity value in the near-term, w/ significant further upside. Our full thesis can be found via PDF here: rittenhouseresearch.substack.com/p/galaxy-digit…
This is, of course, complete and utter nonsense. In addition to its corporate treasury which holds BTC, ETH, various liquid tokens, and venture investments, Galaxy $GLXY has a market making business. It's been well documented on here that an "ancient whale" sent ~80,000 BTC…
So all the dumping is just @novogratz market dumping. No plan, no OTC, no hedge, just pure incompetence. intel.arkm.com/explorer/entit…
I would not want to be long the names this guy is pumping. @ericjackson again, if I may. If your “AI model” flagged $OPEN a few weeks ago, why did you pitch it 11 months ago?
If your AI model at @EMJCapital just flagged $OPEN a few weeks ago, why did you pitch it as a "20x" stock approximately 11 months ago? Note: $OPEN is down ~40% since that time. x.com/ericjackson/st…
Yup - $BTC is roughly flat from a week ago when the coins were first identified as being sent to a $GLXY wallet. Incredible execution, and probably an 8+ figure fee haul on a single trade.
the FULL 80,000 btc from ancient bitcoin whale has been sold by galaxy, according to press release $9B worth of bitcoin fully absorbed by the market hahahahahahaha we’re going so much higher lololololol
investor.galaxy.com/news/news-deta…
This is, of course, complete and utter nonsense. In addition to its corporate treasury which holds BTC, ETH, various liquid tokens, and venture investments, Galaxy $GLXY has a market making business. It's been well documented on here that an "ancient whale" sent ~80,000 BTC…
Pretty astonishing and somewhat alarming how many retweeted this not knowing it was sarcasm.
$IREN CEO Daniel Roberts: "We've appointed Morgan Stanley as our financial advisor to evaluate monetization opportunities at Sweetwater." - July 16, 2024 "We continue to progress negotiations with some very large counterparties and hyperscalers.. We're actively negotiating…
What does "better version of CRWV" even mean? The notion that $IREN has some sort of competitive advantage over $CRWV and $NBIS because they own some empty plot of land that they expect to energize at some future date, is of course, absurd. Digital Realty $DLR just reported…
$CRWV earnings Aug 12 and lock up ends and selling start Aug 15 $IREN and $CIFR are going to be a better version of CRWV going forward Power - not software - is going to eat the world
Hedgeye recommended $CRWV as a short at $40. So you would have lost 300% of your money as a Hedgeye subscriber taking their advice on $CRWV. Now, at the first dip (where $CRWV is still up 200% from their initial short call), Hedgeye is out regurgitating their same bearish…
Felix Wang @HedgeyeTech warns that CoreWeave $CRWV is caught in a “very dangerous and uncontrollable financing cycle,” on BNN Bloomberg @BNNBloomberg. app.hedgeye.com/insights/16900…
Got long $GLXY late last week largely thanks to the work done by @RHouseResearch. This is one of the better reports that are put out for free on X, and it was a phenomenal read. If you are here, I would highly highly encourage it. Mark the calendars for August 5th, we will see…
Rittenhouse Research is long Galaxy Digital $GLXY $BRPHF We believe Galaxy's flagship data center Helios will generate $1.7B of EBITDA and $32B of equity value in the near-term, w/ significant further upside. Our full thesis can be found via PDF here: rittenhouseresearch.substack.com/p/galaxy-digit…
If your AI model at @EMJCapital just flagged $OPEN a few weeks ago, why did you pitch it as a "20x" stock approximately 11 months ago? Note: $OPEN is down ~40% since that time. x.com/ericjackson/st…
Opendoor is under $1. Most investors have written it off. Wall Street isn’t even paying attention anymore. But our AI model at @EMJCapital just flagged it a few weeks ago. It’s giving us early $CVNA vibes — and that’s not a phrase I use lightly.
This is directionally correct in that the miners with the power capacity, human capital, and financial capital are positioned extremely well. Those with all 3 (power, talent, $) have already signed deals to lease their data center capacity at extremely attractive economics. If…
In order for OpenAI to scale, it needs Coreweave. In order for Coreweave to scale, it needs Core Scientific and Galaxy. OpenAI is worth $300B. Coreweave is worth $24B. Core Scientific is worth $2.4B. This is not hard. Follow the money, do the math, place your bets, and prosper
Galaxy Digital $GLXY: - Holds a $2B+ net long position in digital assets, of which the largest position is Bitcoin - Holds Hyperliquid $HYPE, and is likely one of the largest institutional owners of $HYPE - Is the only full-stack, digital asset and AI-focused financial services…
futuristic gigaparabolic AI x crypto x spacerace growth portfolio hyperliquid coreweave bitcoin rocket lab xiaomi
These $IREN and $CRWV comparisons are quite honestly one of the wildest, most insane things I've witnessed. A board member of a $3.8B public company stating that it's just a matter of time until his $3.8B company flips a $69B "competitor" in market cap. Some numbers, for…
If IREN is the next Coreweave, how high can it go?
The suggestion that $META ($130B of net PP&E on its balance sheet) needs to "catch up to $IREN" ($1.5B net PP&E) with respect to data center infrastructure is patently insane. $META clearly has "access to GW" given their "GW" is powering a $170B+ internet business. Note:…
No he’s trying to catch up to IREN and CIFR in having access to the GW that they do